1/4% Tax on all stock trades pushed in NY Times today

Other major points .... EVERYONE is going to have to become a trader....

There is no reward on savings....

Buy and Hold is DEAD....

The US is on a definitive Japan path....

The govt. should be pulling out all of the stops that are against efficient capital....

There should be no taxes of any kind on any securities....

Anything the govt. can do to make securities trading easier needs to be done....as the headwinds for traditional buy and hold anything grow....

If anything ....the govt. needs to make the bid ask and other trading costs a small as possible....
 
Quote from jprad:

Further, arguing that jobs will be lost in the financial sector only works for certain politicians. That argument won't work on main street.
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But this doesn't just have to do with the financial sector, it has to do with all the infrastructure that supports the new more democratic market.

You can speak about this in ways people understand.

Website designers for sites like realmoney.com or cbs marketwatch.com
etc. can lose their jobs over this.

people know webdesigners....
 
Quote from ksharmon:

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But this doesn't just have to do with the financial sector, it has to do with all the infrastructure that supports the new more democratic market.

You can speak about this in ways people understand.

Website designers for sites like realmoney.com or cbs marketwatch.com
etc. can lose their jobs over this.

people know webdesigners....
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Mentioning non-financial sector job loss is fine. It's when you mention folks within the financial sector is where you run into trouble because as far as main street is concerned, "good riddance."

The point is, this tax is not rational. It's a visceral, emotional backlash against the industry that's been targeted as the cause of everyone's misery.

The only way to combat an emotional argument is to personalize it for those who support it.

You can't get folks in this sort of condition to begin thinking straight until you can get them to understand that what they're doing will blow up in their faces too.
 
Quote from seasideheights:

The strategy of rapidly responding online to the pro-tax crowd works. Let's keep it going.

---------------------------------------------------------

"The outcry got loud enough that Cramer began backpedaling Friday while the rest of the nation was eating leftover turkey."

http://www.nypost.com/p/news/business/no_tax_holiday_sVt8LxJeCRvhthtwaugnuJ#ixzz0YRZTiBTU
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A big pussy BOOOYAH to Jim Cramer "Kerry". He can say he was actually for the trader tax, before he was against it. His sudden reversal couldn't have anything to do with masses of paid subscribers to his website bashing him for supporting this, could it??? Or was it the masses that watch Mad Money on CNBC that have been bashing him non-stop since he made his stupid remarks???
We'll soon find out just how genuine and sincere Cramar was with his reversal on this trader tax. If he comes out being much more vocal for traders, and really makes efforts to bash this tax, then his sudden reversal will be for real. If not, his change of heart will have been all about money he would have lost from online subscribers, and viewers from Mad Money. I'm anxious to see whether the real Jim Cramar will stand up???
 
Quote from jksn922:

About time this moron came to his senses. He now owes it to us to be a "VERY" vocal advocate against this tax.
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I am not sure that he still "gets" it. Feels like he was just overwhelmed by the pressure. But whatever, better this way than not.
 
Quote from ksharmon:

In calling for a global tax on the financial sector, Finance Minister Christine Lagarde and Foreign Minister Bernard Kouchner said they aren't urging the adoption of a so-called Tobin Tax on foreign exchange transactions, noting that such a levy would be aimed only at stabilizing erratic currency markets.
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Where do these people get the crazy idea that a tobin tax would increase stability in the currency markets?
 
Cramer used to be a money manger....

Now he is just an "eyeballs and ears" ad salesman....

He bows to Nielson Ratings....

That's it ....
 
Quote from JOSEF:

So what? Bush/Paulsen also stated that they supported a strong dollar. You didn't hear them talk about a transaction tax, did you? lol
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Uhm wow. Are you high or just retarded?
I guess it's too complicated for you to understand what my comment implied so let me try another way. Do you always believe everything a politician says?
 
I, like many of you thought it was unrealistic to think that responding and commenting to articles on the tax and contacting congressmen/senators etc would work but we have clearly had an impact and I'd like to say to everyone that so far we have done a great job but we MUST continue to be vigilant and MUST continue to do even more than we already are to keep this tax from gaining any momentum
 
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